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Preferred Equity Redemption Stock |
Also found in: Acronyms | 0.01 sec. |
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Preferred equity redemption stock (PERC) Preferred stock that converts automatically into equity at a stated date. A limit is placed on the value of the shares the investor receives. Preferred Equity Redemption Stock A convertible preferred stock that automatically converts to common stock or cash on a certain date. PERCs have higher, guaranteed returns than common stock; however, the issuer reserves the right to exchange them for common stock at any time. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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